4 A bond with 10 detachable warrants has just been offered for sale at $1,000. The bond matures in 20 years and has an annual coupon of $105. Each warrant gives the owner the right to purchase two shares of stock in the company at $10 per share. Ordinary bonds (with no warrants) of similar quality are priced to yield 16 percent. What is the value of one warrant? 8 00:54:17 Multiple Choice $32.61 $67.39 $39.13 $29.35 O $35.87